AP Vwap Bands Pro MT5
- Indicators
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Allan Graham Pike
I believe markets deserve specialist tools built with the same discipline and focus as the markets themselves. Too many EAs try to trade everything in every way—and end up doing none of it well. My approach is simple: build single-mission systems that express one clear edge with clarity and control. - Version: 1.0
Volume-weighted average price with ±σ bands for clear intraday bias, mean-reversion zones, and dynamic support/resistance. Works on crypto (incl. BTC), FX, indices, and metals. Uses tick-volume when real volume isn’t available.
What it shows
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VWAP line (volume-weighted mean price).
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Two envelopes around VWAP (default ±1σ and ±2σ) to highlight balance vs. extension.
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Reset modes: Day, Week, or Anchor Time (HH:MM) to start VWAP where you need it (e.g., exchange open).
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Bias: VWAP slope/distance hints when price is accepting above/below value.
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Zones: Bands act as dynamic S/R for fades or continuation planning.
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Clarity: One clean overlay—no clutter, no signals you must follow.
Inputs
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Mode: Day / Week / Anchor Time (HH:MM)
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Anchor Hour / Minute (used when Mode = Anchor Time)
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Reset at Next Anchor (optional)
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Band Widths: StdDev1 , StdDev2
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Colors & Width for VWAP and bands
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Alerts:
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Cross: price crosses VWAP
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Touch: price touches inner/outer bands
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Popup / Sound (file) / Push
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Quick start
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Mode = Day for intraday, Week for swing, or Anchor to your preferred market open.
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Keep ±1σ for the inner band and ±2σ for the outer band. Nudge wider/narrower to fit symbol volatility.
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Add to M5–H1 charts for planning, or higher TFs to see broader context.
Tips
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For BTC & crypto, tick volume is used—that’s fine for VWAP math.
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Combine with your own structure or momentum filter; this is a visual tool, not an auto-trader.
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Colors are configurable—match your chart theme.
Notes
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Indicator only (no orders). No DLL/WebRequest.
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Results differ by broker/feed. Always confirm on a demo before live use.
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Compatible with all symbols and timeframes that have data.
Support: If you need a preset (Day/Week/Anchor) or different default band widths for a symbol, drop a comment and I’ll share a ready-to-use set.
